Yeah the studio's latest game, the 2022 reboot of Saints Row, was a major flop both critically and commercially, but it still sucks they're now shut down. I was hoping maybe Volition could bounce back by maybe working on some smaller titles like maybe bringing back Red Faction with a proper follow-up to Guerilla, or a smaller scale entry that's a linear but well polished shooter akin to the original, but looks like SR 2022 was the studio's last major chance at finding success in the new decade.
Just a real sucky situation all around that not only is Volition shut down after being active for 30 years (they originally began life as "Parallax Software," which is the name they released Descent 1 and 2 under), but their last game was one that pretty much no one likes (even the crowd it looks like they were attempting to pander to, namely older gen z or young millennials, felt the game was both cringy and just flat out boring).